#singapore #property A public affair: With numerous HDB resale flats going for close to...

“The falling resale prices are due to the potent combination of the government’s measures to stabilise the public housing market, such as reducing the Mortgage Servicing Ratio (MSR) cap of 30 percent and maximum loan term of 25 years for HDB mortgage loans, the three-year wait for new PRs before they can buy resale HDB flats, and allowing singles to buy two-room Build-To-Order (BTO) flats in non-mature estates,” said PropNex Realty chief executive officer Mohamed Ismail.